Data Analytics
Tax & AccountingFinanceComplianceJanuary 15, 2019

Build better audits with data analytics: 10 best practices to optimize analytics on your audit teams

Internal Audit departments are increasingly using the insights gained from data analytics to assist stakeholders with strategic and complex business decisions, as well as improve efficiency and mitigate risk.

But, how can you avoid the common pitfalls many organizations face when beginning an internal audit analytics program or trying to get more from your existing program? A key component is having an easy-to-use analytics tool that ALL of your internal auditors can use, not just those with programming or database administration skills.

After all, the ultimate goal is to fully integrate data analytics throughout the audit life cycle. In addition to implementing the right solution, there are several steps you can take to advance the use of data analytics within your internal audit team.

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Ken Petersen
Associate Director, Product Management
Ken has over 25 years of experience in developing and implementing systems and working with data in a variety of capacities while working for both Fortune 500 and entrepreneurial software development companies. Since 2002 Ken’s focus has been on the Governance, Risk, and Compliance space helping numerous customers across multiple industries implement software solutions to satisfy various compliance needs including audit and SOX.